Work Here?
About Parallel Systems
Industries
Robotics & Automation
Automotive & Transportation
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$91.2M
Headquarters
Los Angeles, California
Founded
2020
Overview
MoveParallel.com focuses on rail freight. It sells automated, battery-electric freight rail vehicles and integration tools to railroads, enabling them to move freight from trucking to rail on corridors under 1,000 miles. The system combines an autonomous/automated vehicle with software and services to integrate into existing railroad operations, and it may include ongoing maintenance contracts and consulting. Compared with traditional rail or trucking, the company targets shorter-haul routes and aims to expand railroad markets by offering a flexible, cleaner transportation option that reduces carbon emissions. The goal is to convert more freight to rail for shorter distances, improving efficiency and sustainability in freight movement.
Simplify's Take
What believers are saying
- Secured $38M Series B from Anthos Capital, totaling $100M for commercialization.
- Partners with Union Pacific and Genesee & Wyoming for real-world pilots.
- $4.4M DOE ARPA-E grant funds second-generation vehicle development.
What critics are saying
- Union Pacific ends partnership due to legacy system integration conflicts.
- Genesee & Wyoming terminates Georgia pilot after safety incidents.
- Rail unions protest automation, prompting FRA to revoke approvals.
What makes Parallel Systems unique
- Autonomous battery-electric railcars enable short-haul freight under 1,000 miles.
- Vehicles autonomously attach/detach without manual coupling on existing tracks.
- First with Federal Railroad Administration approval for commercial autonomous operations.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$91.2M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Stock Options
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 1%2 year growth
↓ -5%Parallel Systems, a Los Angeles startup, is testing autonomous, electric freight trains in California and Georgia, aiming to reduce truck traffic and emissions. The company raised $100 million and received federal approval for testing. Their trains, powered by lithium-iron phosphate batteries, can travel 500 miles on a single charge and operate independently or in groups. While promising, challenges include market viability and potential job impacts. The technology could transform short-haul freight transport.
It already partnered with the Lohr Group, a French transport systems manufacturer, and Parallel Systems, a US startup developing battery-electric freight rail vehicles.
Parallel Systems, a Los Angeles-based company developing autonomous battery-electric railcars, has raised $38M in a Series B funding round led by Anthos Capital, with participation from Riot Ventures and others.
Parallel Systems is set to launch its first commercial pilot in April after receiving approval from the Federal Railroad Administration. The company has also completed a $38 million Series B funding round.
After obtaining approval from the Federal Railroad Administration, Parallel Systems is ready to launch its commercial pilot for the autonomous battery-electric rail system in Georgia.
Parallel Systems is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Parallel Systems
Industries
Robotics & Automation
Automotive & Transportation
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$91.2M
Headquarters
Los Angeles, California
Founded
2020
Parallel Systems is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today